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European Market Update: Initial Brexit Impact Indicators Mainly Defy Slowdown

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 22, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    FX markets were little moved overall despite better-than-expected PMI data from Europe. EUR/USD holding steady above 1.10 level after ECB Draghi re-affirmed the wait and see stance on Thursday. GBP did react to July PMI data with Services misses expectations and contracting for 1st time in 43 months. GBP/USD fell[​IMG]

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